Here's How Much Starbucks Is Raising Its Prices, Starting Today

Earlier this month, Starbucks had customers fuming when it accidentally increased its prices too early. The glitch overcharged some customers, but only by less than 30 cents a drink. But now, you can't complain anymore, because the price hike is official. Starbucks has released a statement explaining which drinks will cost more starting today.

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Beginning July 12, Starbucks is raising its prices in company-owned stores in the United States. The exact price increase will depend on where in the country you're buying coffee, but brewed coffee will cost 10 to 20 cents more and espresso drinks and tea lattes will go up between 10 and 30 cents. Though major addicts will certainly feel the difference, the average receipt will go up only one percent, and 65 percent of drinks on the menu will stay the same price.

So the higher prices won't really eat into your budget unless you get several coffees a day. And on the plus side, Starbucks is using your extra dimes to give a raise to your weary barista who is likely sick and tired of making rainbow-colored drinks for your Instagram feed every afternoon.

Read Starbucks' full statement below:

On July 12, Starbucks made a small price adjustment in U.S. company-operated stores. Depending on the market, customers will experience increases of 10 to 20 cents on select sizes of brewed coffee to have, and 10 to 30 cents on espresso beverages and tea lattes. We expect the average customer ticket to increase by about one percent as a result of these beverage adjustments, however, 65 percent of beverage prices have not changed.

Pricing is continually evaluated on a product-by-product and market-by-market basis in our stores in order to balance business needs while continuing to provide value to our loyal customers. We are committed to providing value to our customers in meaningful ways, including Starbucks Rewards, special in-store promotions, and competitive pricing, and believe that our approach to value properly balances the experience we provide customers with our need to effectively run our business.

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